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FINANCE OFFICER   (28701)

Keywords / Skills : FINANCE OFFICER   (28701)

5 - 5 years
Posted: 2018-12-31

Industry
Recruitment/Staffing/RPO
Function
Finance & Accounts
Role
Accountant
Posted On
31st Dec 2018
Job Ref code
35A796BF7939A2AC
Job Description
Job Description :

Primary Objective:
This position requires accounting, financial and payroll skills at the same time. Rigour, accuracy, discretion and team spirit are some of the main qualities expected. Finance Officer commits to Finance Managers Code of Conduct edited by CFO
KEY TASKS / RESPONSIBILITIES:
ACCOUNTING
Closely monitor and verify the accounts on a daily basis and handle all accounting functions, duties and responsibilities reporting directly to the Plant Manager
Manage accounts payables and accounts receivables
Handle cheque and transfer payments along with the review of monthly petty cash for Fujairah branch with preparation of monthly statement
Verification of monthly staff expense claims
Record and monitor all expenditures associated with the works and allocate across operations, maintenance, and administrative cost centres
Monitor stock and warehouse movements for the plant in coordination with the Maintenance Manager/Procurement officer
Organize yearly Inventory count with the Maintenance Manager/Procurement officer and the relevant reconciliations
Prepare monthly financial statements in accordance with local regulations and International Financial Reporting Standards
Ensure the reliability of accounts prepared (e.g. analysis of operational performance, of consistency between cash and accounting flows, and of variances in working capital)
Monitor and manage Company treasury requirements on a monthly basis and prepare cash flow forecast on a quarterly basis
Ensure compliance with VAT rules and perform quarterly VAT Returns
Coordination and implementation of Navision ERP for the branch
PAYROLL
Prepare monthly payroll (incl. overtime and stand-by allowances) for the Company and manage payroll processing in line with Wages Protection System requirements Prepare monthly pension transfers for the relevant employees and related declarations Initiate and manage any special projects required.
REPORTING
Prepare monthly reporting as required by Group reporting and provide relevant analysis of the reporting compared to Budget and Last Year
Prepare quarterly efficiency plan reporting and justification of all savings
Prepare Budget, Forecasts and Long Term plan as per Group guidelines and times schedule
FINANCIAL
Ensure the proper enforcement of both accounting and internal control standards, as instructed by the Group through its corporate procedures
Comply with recommendations outlined in the Groups Ethics Guide, Competition Law Compliance Guide and Corporate Criminal Law Risk Management Guide, inform employees about these Guides, and ensure compliancy
Liaison with corporate bankers and manage banking relationship
Coordinate with external auditors to provide requested schedules/ledgers/accounting information
Ensure effective control of financial flows and transactions reported (in terms of accounting standards, inventory, regulatory environment, financial implications, contractual aspects, etc.); this implies unrestricted access to all necessary information
Ensure the quality of the control environment (compliance with the principles of segregation of duties, control of access to management systems, compliance with accounts closing procedures including, in particular, the preparation of an audit file and documentation of account reconciliations, etc) And perform any reasonable duty requested by the Plant Manager.
QUALIFICATION / EXPERIENCE
Professional qualification CA, CPA
Minimum of 5 years practical experience in the related field
KNOWLEDGE OF:
Good command of the English language both written and spoken.
Strong ability with computer tools / Computer Literate (MS Office)
Experience in accounting software (Navision, Tally, Peachtree, QuickBooks) and BI
ABILITIES:
Fluent in spoken and written English
Be autonomous in pursuit of job responsibilities
Rigorous in performing daily duties
Good analytical competencies



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